Stoploss on Underlying of an Option

F&O
1

Hi,

I want to know if there’s any way we can place stoploss on underlying’s price instead of the actual option price while trading options.

E.g., If I buy Banknifty Put option, I put up a GTT that when Banknifty crosses 38000 next, my GTT gets triggered with whatever the corresponding option price is at that moment.

2

Not possible with broker front end platforms. You will have to go through the API route.